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Published on 10/01/2018 12:00:50 PM | Source: Dion Global Solutions Ltd

Infinite Computer hits record high on delisting plan

Shares of Infinite Computer Solutions (India) rallied over 15 per cent, hitting 5-week high, on the Bombay Stock Exchange ahead of the board meeting to consider the proposal of voluntary delisting of its shares from the exchange. The company in a filing to exchange said that its board to consider on January 12, 2018 the proposal of voluntary delisting as per SEBI ( Delisting of Securities) Regulations, 2009. Buoyed by the developement, stocks of the company gained as much 15.16 per cent and touched 52-week high of Rs 385.45 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 10.21 per cent higher at Rs 367.40 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,404.92, down 38.27 points, or 0.11 per cent, at 11:05 hours.